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FINANCIAL NEWS
Kuwait’s PIC projects USD592m in profit over FY2015-16
15 Dec 2015
(MENAFN) Kuwaiti Petrochemical Industries Company (PIC) expects its profits to touch USD592.6 million at the end of the current fiscal year on March-31, based on reports.
Additionally, the firm has achieved a lot of achievements in 2015, chiefly the posting of USD461million in earnings so far, compared to the forecasted USD418 million.
The notorious global decline in oil prices and the severe competition in the petrochemical market ideally should have impacted the firm, but it did good anyways.
Meanwhile, the firm works hard to apply a strategic outlook to search for real opportunities in areas with abundance in the suitable feedstock for the petrochemical industry.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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